Galaxy

In this week's newsletter, Galaxy Research writes about the closing days of the U.S. campaign season and what's at stake for digital assets, a new presentation about stablecoins from a division of the U.S. Treasury Department, and Stacks completing an important network upgrade. Check out this week's edition to catch up on the latest, and don't forget to subscribe ⤵

With the U.S. election fast approaching, the future of crypto regulation is in the spotlight. Christopher Rhine, CFA, Head of Liquid Active Strategies at Galaxy Asset Management, sees the next 18 months as a pivotal period for the industry: "Once financial institutions can comfortably utilize blockchain technology as it was meant to be used, we will see significant opportunities across payments, tokenization, collateral, and a myriad of other use cases." Explore our latest insights to learn what the election could mean for crypto regulation: https://hubs.li/Q02WBzn10

CryptoManufaktur – Now part of Galaxy “Galaxy’s acquisition of CMF’s assets is an exciting step in our company’s journey and a testament to the strength of our team and track record of building essential blockchain infrastructure. Having worked closely with the talented team at Galaxy, we believe that Galaxy is uniquely positioned to serve as the go-to blockchain infrastructure provider and a leading validator across high-performing blockchains. We look forward to joining the team and scaling our combined operations.” - Thorsten Behrens, Founder Learn more: https://lnkd.in/eMPhbaZg  

Public blockchains and AI are two of the most transformative advancements in tech, and their convergence is creating powerful new use cases that could drive adoption across industries. 📈 Recent Trends VC investments in AI have surged in 2023-2024, but investors seeking less crowded opportunities should consider areas where blockchain and AI intersect. 🌐 Opportunities Promising verticals like Decentralized Compute, zkML, and AI Agents are laying the groundwork for a future where crypto and AI integrate seamlessly. Explore the converging worlds of crypto and AI in our latest report: https://hubs.li/Q02WxQ6w0

Will you be at The Bridge presented by The Tie in NYC next week? Don’t miss these chances to connect with the Galaxy team: 🌟 Fireside Chat with Mike Novogratz When? 9:00 – 9:30 AM ET Where? Institutional Stage What? Join Mike Novogratz, Galaxy Founder and CEO, in conversation with Rob Hadick, General Partner at Dragonfly. 🌟 Collateral Confidential: The Privacy Unlock for Institutional Crypto Trading When? 10:30 – 11:00 AM ET Where? Innovation Stage What? Hear from Beimnet Abebe, Galaxy’s Director of Principal Trading, along with experts from The Tie, Digital Asset, and Hashnote, on how trading desks use privacy-first networks. Looking forward to seeing you there! Mike Novogratz Beimnet Abebe Rob Hadick Sacha Ghebali Leo Mizuhara

Congratulations to Galaxy Ventures’ portfolio company, Citrea, on their $14M Series A. Using ZK Rollups, Citrea is the first solution to make it possible to build anything on Bitcoin. Citrea enhances Bitcoin blockspace, allowing the network to support diverse on-chain applications and platforms. By removing intermediaries, Citrea enables companies and individuals to trustlessly buy, lend, borrow, and leverage BTC—turning Bitcoin into an active financial platform. Citrea has also launched ‘Citrea Origins,’ an exclusive program for developers ready to build on Citrea. Our Ventures team is proud to back Citrea as they lay the groundwork for Bitcoin’s next phase: the foundation for global finance. Learn more about Citrea: https://hubs.li/Q02WsLHr0

We’re thrilled to announce our investment in the $4.5M seed round for OpenOrigins led by Galaxy Interactive, with participation from Galaxy Ventures and Unbound. OpenOrigins is expanding globally with the launch of its AI Dataplace–a marketplace connecting data rights holders with AI companies for responsible data licensing. This unlocks new revenue streams for media companies.     In a time where generative AI and deepfakes challenge trust in media, OpenOrigins offers a scalable, decentralized solution for content authenticity verification – making believability a reality again.     The problem: AI-generated and deepfake media are increasingly sophisticated and prevalent, eroding public trust as authentic images and videos become harder to discern from fabrications.   The solution: OpenOrigins. With its custom-built blockchain, OpenOrigins secures and verifies the authenticity of images and videos, empowering individuals, companies, and governments to trust real visual media again.     “At Galaxy Interactive, we invest in companies building the infrastructure for a future where digital experiences are as authentic and trustworthy as physical ones,” said Jeff Brown, Partner at Galaxy Interactive. “OpenOrigins' technology is essential to securing the provenance of digital content and enabling verifiable ownership, which are critical building blocks for a secure and trusted spatial computing future.”    Will Nuelle, General Partner at Galaxy Ventures, added, "OpenOrigins is leading the way in developing one of blockchain’s most interesting applications: content authenticity verification. As deepfakes and AI-generated material increasingly dominate online platforms, decentralized and immutable verification systems are key to ensuring the integrity of the information we trust."  We’re excited to be a part of OpenOrigins’ mission to safeguard the provable origins of human-created media. Congratulations to Manny A., Ari A., and the entire OpenOrigins team!    Learn more: https://lnkd.in/eiApRG9i 

What are the most pressing challenges to solving the MEV problem on Ethereum? On today's episode of the Infinite Jungle, I ask two experts on MEV, Robert Miller, Product Lead at Flashbots, and Lily Johnson, Rust Developer at Astria Labs, this question. We also discuss: - the motivation behind Flashbot's new platform, called Rollup-Boost, for enabling features like fast finality on rollups. - EIP 7727, a new Ethereum improvement proposal for enabling greater levels of customizability and control over transaction sequencing for on-chain applications. Listen to the full episode on: Spotify: https://lnkd.in/dRVYPrhi Apple Podcasts: https://lnkd.in/dK6FNjcR YouTube: https://lnkd.in/dWKnqmWa

Yesterday marked a significant moment as Galaxy joined our partners at State Street Global Advisors to ring the Nasdaq closing bell! We celebrated the beginning of a new era focused on innovation and collaboration. Our partnership with SSGA represents a shared commitment to bring investors forward-thinking digital asset strategies that go beyond pure Bitcoin. The SPDR Galaxy Digital Asset Ecosystem ETF (DECO), SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) bring active management to digital assets to capitalize on market inefficiencies and evolving trends in a rapidly transforming ecosystem. By leveraging our combined expertise, we’re building solutions that broaden access to this $2.4 trillion market for institutions and retail investors alike. This ceremony at Nasdaq is more than just a milestone—it’s a testament to our joint mission to make digital assets accessible to the broader investment community. We’re excited for what lies ahead as we redefine the future of digital assets together with SSGA. Learn more about the SPDR® Galaxy Digital Asset ETFs: https://hubs.li/Q02WlCDF0

Tune in to an insightful conversation between Galaxy's Christopher Rhine, CFA, Head of Liquid Active Strategies, and State Street Global Advisors' Matthew Bartolini, CFA, CAIA, Head of SPDR Americas Research, on the latest episode of ETF Prime by The ETF Store - Investment Advisors. Together, they dive into our recent collaboration with State Street Global Advisors to launch three actively managed ETFs focused on digital assets and disruptive technology. The discussion covers: ✔️ The value and benefits of active management in the digital asset space ✔️ Emerging opportunities for investors ✔️ How Galaxy and State Street Global Advisors are paving the way for innovation Listen in to learn more about the future of digital assets and the growth potential in this transformative sector: https://hubs.ly/Q02WkmQy0